You'd be opening yourself up to a huge lawsuit because you let it slide the first time.

@James Edward it’s slowly on the down slide.

Take immediate action on any subsequent non payment.

Subsequently, tenants reported multiple plumbing issues, including some corrosion seen on the external of the water heater.

Are the subsequent year's taxes payed during the year waiting for redemption also subject to the 20% penalty and the 10% after the first year?

I don't know how long it takes to evict in your area but every day you let them slide is a day you are probably going to lose some money.

Once all the depreciation has been "recaptured", any subsequent receipts of principal are prorated between basis and profit.

If your notices don't take a progression approach (each subsequent one becoming stricter), then you want to get on that.

Has 2 windows and sliding glass door to patio.Questions..what's your thoughts about laundry room off bedroom??

The intent of the LLC would be first and foremost to be able to sign a long term lease (to show secured income) to so that I can clear my debt related to the mortgage so that I can buy subsequent properties without waiting two years to show my short term rental income to lower my DTI so that I can qualify for additional loans.